Through its programme on Globalization and Development Strategies, UNCTAD contributes to the international debate on globalization and the management of its consequences for developing countries.

The programme promotes policies at the national, regional and international level that are conducive to stable economic growth and sustainable development. It regularly examines the trends and prospects in the world economy, undertakes studies on the requirements for successful development strategies and on the debt problems of developing countries.

It also provides technical support to developing countries in their efforts to integrate into the international financial system and to manage their external debt.

NEWS

In repose to Resolution A/GA/66/189 of the General Assembly, the UNCTAD Secretariat took the lead to organize a special event on Sovereign Debt Crises and Restructurings: Lessons Learnt and Proposals for Debt Resolution Mechanisms.

The Director of UNCTAD's Division on Globalization and Development Strategies has warned the delegates attending the General Assembly that "misguided" steps are limiting recovery from the global slowdown. He urged measures to boost income equality so that consumer demand is stimulated.

For the third consecutive year, a 28-strong group of students from China's University of International Business and Economics, accompanied by two academics, has attended a one-week training programme at the Geneva-based international organizations, which was held on 24-28 September.

Greater income inequality is reducing economic demand, hindering the current recovery, and limiting future growth, speakers told the Trade and Development Board (TDB). They said governments should help to reverse the trend.

The interdependent nature of the world economy requires a coordinated effort to re-energize the faltering recovery from the global financial crisis, panellists told the UNCTAD Trade and Development Board yesterday afternoon under the agenda item on “Interdependence: Coordinating stimulus for global recovery.”